Corporate Reorganization (2 credits)

An advanced course in the reorganization of business entities under Chapter 11 of the Bankruptcy Code. The centerpiece of the course is Debtor-Creditor, an interactive computer game simulating the travails of a financially distressed motel/bar/restaurant. Students play the roles of counsel to the debtor and its numerous creditors, ranging from the bank to a rock band, who must develop and implement their own strategies, including negotiations. Students must write one or more short papers reporting on recent case or statutory developments in bankruptcy. Prerequisites: Creditors' Rights